In 2023, the wages and salaries in the renting and leasing of construction and civil engineering machinery and equipment in France were 638.0 million Euros. Forecasts indicate a gradual increase from 641.1 million Euros in 2024 to 653.5 million Euros in 2028. The year-on-year growth is relatively stable at approximately 0.5%, reflecting consistent but modest growth each year. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is projected to be around 0.5% as well.
Future trends to watch for include innovations in construction technology that could affect machinery demand and consequently wages, potential economic shifts impacting the construction sector, and regulatory changes affecting rental and leasing operations. Monitoring economic conditions and construction industry dynamics will be crucial for future wage growth forecasts.
